Russia Boosted Oil Production In April

Russia produced 10.46 million bpd last month, up by 1.9 percent on March as OPEC+ relaxed its production cuts, Bloomberg reports, citing data from Russia's Energy Ministry. Russia's production quota had been upped twice before April, by 65,000 bpd in February and March. It was then relaxed by 130,000 bpd for April. From this month to July, Russia will further increase its output by 114,000 bpd, according to Deputy Prime Minister Alexander Novak. OPEC+ in total will increase its oil production by 2 million barrels daily between May and July, signaling…